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in the defense sector and the head of a defense contractor who will feel that pain joins us next along with former vermont governor howard dean who argues maybe going over the fiscal cliff will be the best thing for the nation. >>> later, we have the former chairman of the council of economic advisers under president bush. he's going to join us as well as laura tyson, the former head of the cea under president clinton. we're going to get their take on the cliff and today's jobs number. >>> also, tough week for apple shares. is now the time to load up? stick around for the apple trade in the back half of this hour. stay tuned. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >>> one of my next guests thinks that going over the fiscal cliff would be a good thing for wall street. the other says defense cuts would pose an unacceptable risk to the economy, national se
themselves against that. >> well, that was the follow. do they have any defenses, are there any defenses and what are they doing to prepare for the prospect if theyhink that it's real? >> reporter: they have nothing. they have absolutely nothing. the people here have not had anything to begin with to protect themselves from the bullets and the bombs, and most certainly when it comes to chemical warfare, they have no defenses whatsoever, bearing in mind, too, that this is a population that is not just struggling with the violence and the ongoing strikes and artillery raining around them, it is also a population that is barely able to make ends meet. the prices here have skyrocketed astronomically to the point where bread, something that is a basic commodity, has become something of a luxury. people are completely and totally helpless already in the face of the regime's air power and other artillery. they are going to be just as helpless in the face of any sort of chemical warfare if the regime does, in fact, decide to employ that. >> is there any sense among the rebels, the opposition, th
-sex marriage. the first one is about the defense of marriage act, windsor against the united states. edith windsor and her partner were married in toronto, canada in 2007. spire died in 2009 in new york at a time when new york recognized same-sex marriages that had been performed outside the side. when spire died windsor was required to pay $363,000 in federal estate taxes on her inheritance that she would not have had to pay if federal law had given their relationship the same status that opposite sex marriages get, so a pretty clean case here, an even the obama administration has already said it doesn't think the constitutionality of the defense of marriage act can withstand a legal attack. >>> the second case the court decided to take on is proposition 8, the california ballot initiative adding a state constitutional amendment in 2008 that said only marriage between a man or woman is valid or recognized in california. it overturned a court ruling that said same-sex couples have a right to marry. the cases are likely to be heard in march and decided some time in june. randi? >> joe johns
's "chalk talk." massive defense budget cuts not even part of the discussion so far about the fiscal cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. [ male announcer ] with over 50 delicious choices of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps blo stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance inhe middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creative, imaginative, if you will, rhetoric or language or positioning or messaging. >> we
the brotherhood. syria apparently mixing chemical weapons. the foundation for defense of democracy joins us here in moments. the unemployment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next with peter wallace and. ♪ the catal one cash rewards card gives you 1% cash back on all purches, plus a 50% annl bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more fla. [ southern accent ] 50 percent more tars. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% aual bonus on the cash yoearn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry commission member peter wallace will join me here in just moments. let's take a look
it and in addition, to the federal defense of marriage act. two different things. that act restricts federal benefits gay couples can get by defining marriage as something that exists between a man and a woman. 38 states have laws or amendments that outlaw gay marriage. north carolina the most recent state to prohibit it it but nine states, and the district of columbia have already legalized gay marriage or in the process of doing so now. this has been one of the most charged social issues in the marriage. polls indicate people support gay marriage. now we know within a matter of months the supreme court could help settle it once and for all. molly henneberg on fox top story live for us in washington this evening. molly, explain more cases about the justices are going to hear. >> the supreme court had seven same sex marriage cases in front of it and selected these two. windsor vs. the u.s. is the defense of marriage case or dome that case. specifically looking at part of the law that gives federal benefits such as tax breaks to heterosexual married couples, not to same-sex married couples. is that eq
zimmerman's badly beaten case which indicates his claim of self-defense may not be so farfetched after all. joey jackson on the left. former prosecutor lis wiehl on the right. that picture looks self-defensish to me. it's horrible that he this didn't turn it over. the only thing can i say in the prosecution's defense is maybe they did not have the color photo. >> is this the old days when it took you six months to develop the film. >> i know. the other thing though everybody is calling it a new photo. it's not a new photo. it's the same photo. it's just what they had first in color. and as we know in color is going to be much greater. >> two issues. number one, doesn't it make the self-defense argue. resonate? >> yes. of course it does. >> number two, doesn't it look as if the prosecution attempted to withhold critical exculpatory evidence? >> yes it does. >> joey? >> as for the picture, i think the prosecutor can make the following argument. so what? okay. so what as to what. of course he has bruising. of course his nose looks like it's broken. of course there is blood. what does that tel
's defense. >> she had reviewed the dpeor foer going. >> on sunday shows and went well beyond the talking points, we have decimated al-qaeda, that was nowhere on the talking points, said things the attack was a result of a heinous and offensive video. said the security at our consulate and strong and significant. that is not in the talking points and frankly not supported by the record of what happened. >> the talking points came from the intelligence community. you don't hear one criticism of david petraeus. it was his shop that produced the talking points that susan rice talked about. is there a double standard here? it appears there is, very unfair one. >> gregg: last week rice met with members of the senate armed services committee to try to explain the situation. lindsay graham saying that ambassador rice did not help herself very much. >> heather: supporters of mohammed morsi staging a demonstration in washington, d.c. standing in front of the egyptian embassy armed with signs. opponents were also out carrying signs with slogans like egypt deserves better. >> gregg: the highest cour
at the republicans to get all the tax hikes he wants, all the defense cuts he's always wanted and some democrats are stating flat out they want to go over the fiscal cliff. watch this. >> i personally think you'll get a lot more deficit reduction if we do the fiscal cliff. i think the markets will reward the fiscal cliff over a period. there will be some panic and moaning and groaning, but first of all, the fiscal cliff is not a real cliff. it's a slope. and you're going to get the biggest bank for the buck in terms of deficit reduction. i think the economy can stand it. yes, we will go into two quarters of recession the cbo says, and i believe that. we're in deep trouble here. somebody's going to have to pay the bill. it's going to have to be all of us. >> joining me with more on all of this, patrick j. buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6 trillion. he wants twice the amount, lanny. he wants a blank check and congress to give up its authority as it relates to money and say no, no, let me raise the debt ceil
on same-sex marriage. the first one about the defensive marriage act. windsor against the united states. they were married in toronto, canada, in 2007. spire died in 2007 in new york at a time when new york recognized same-sex marriages that were performed outside the state. she was required to pay $363,000 on federal estate taxes on her inheritance that she would not have had to pay that opposite marriages get. so, a pretty clean case here and even the obama administration has already said it doesn't think the constitutionality of the defensive marriage act can withstand a legal attack. the second case the court decided to take on is proposition 8, the california ballot initiative adding a state constitutional amendment in 2008 that said only marriage between a man or woman is valid or recognized in california. it overturned a court ruling that said same-sex couples have a right to marry. the cases are likely to be heard in march and decided some time in june. randi? >> joe johns, thank you very much. >>> so, the decisions handed down next year but as jeffrey toobin told anderson coope
of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do willingly, make dramatic changes in taxes and spending. if those changes happen automatically, the cbo estimates it would have a positive long-term impact. by comparison, it says current law is kept in place, output and income would be lower down the road. so here is another way to look at it. fast forward to budget projections. keeping tax cuts in place, extending most tax provisions and putting off spending
and half a trillion in defense, understand at this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just sawaw , i got involved in not a fiscal thing but it had to do with a u.n.reaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention. neil: you are a force, you are a very commanding force it would be in upper tier of perspective presidential candidate. >> i appreciate, that but point is, i do not say that to pat our organization on the back. neilback. >> i want voices of america to
defense capabilities have been reduced with massive cuts in the defense budget, and perhaps more on the way. we've seen a president who is very comfortable with american decline, who seems to think that the united states is part of the problem, who thinks that a strong, assertive america with a major place in the world is part of the problem and is happy to have our influence recede. i think the vice-president's emphasis on our lack of credibility is quite significant when you hear administration spokes people talking about syria and tell assad there will be consequences if he use chemical weapons. what do they mine, indicting him in the international criminal court? that's their idea of serious consequences. it's no wonder that neither assad nor other dictators pay attention to us. >> greta: it's a real immediate risk that something will happen to those chemical weapons with the president of syria, and if something does happen, it will be a minute before tens of thousands of people will be dead. i'm curious. what would you -- number one, with 20/20 hindsight, what would you have
of those who knew and loved him. players also taking to twitter. the chief defensive lineman jeff allen tweeting this afternoon i am still in shock. i don't want to believe it. rip jerry brown. ted de williams who played with dallas and is now corner back for the colts. the cowboys play tomorrow. the team was briefed about what happened. the team had arrived in cincinnati and when they got to the hotel they were escorted into the hotel. they did not stop to talk to any fans. obviously everyone traumatized by what they learned this afternoon. >> two promising lives one cut short the other changed no doubt forever. >> casey said it i mentioned it earlier as well. one week ago we were learning the details of another nfl tragedy. that's when kansas city chief linebacker belcher killed his girlfriend before driving to the chief's stadium and committing suicide in front of the manager. two dash cameras showing belcher asleep outside of the apartment dmreks arou complex about 3:00 in the morning hours before he committed murder. police questioned him for several minutes checking to see if he h
, defense of marriage act. this administration won't defend it in the courts. if that gets struck down, what does that say to cases where people have been allowed to marry in the same gender. what happens if doma gets struck down by the court, 5-4, whatever. >> the ridiculously named defense of marriage act would be gone. >> what would it mean to a person married? >> that would bemean couples married in those states would be recognized by the federal government. would mean we still have a lot of work to do and depending how they rule in the prop 8 case we still need other states to move forward with the right to marry. >> an honor to have you on and elizabeth, glad to have you back in a much bigger studio now. the republican establishment at war with his crazy wing, said they lost election because i ideologues pulled mitt romney too far to the right. wrong says the right ring, we lost because mitt romney wasn't right wing enough. the winner will determine whether the gop returns to the center or becomes a more fringy party. >>> two people get in the room. the president and the leader of the
problem. you know, clinton took that approach in 1993. he cut defense way back. i think the president could do a little bit more to attract some people over to his side if he did that. but i'm just struck by the fact that we've got this completely outside game. >> right. >> there's not a lot going on on the inside in terms of real negotiation. but we'll get there. >> and steve, this is a point we brought up last hour. you know, everybody is debating over raising top rates for people making $250,000 or more. you look -- tom's talking about $88 trillion. you look at the small percentage, these tax increases as part of the bigger problem, and you realize that we're not even having a serious discussion right now. we're obsessed on something that's not going to save us. >> well, that's true. first, with respect to what david said, i think partly why they're playing an outside game is because they've been criticized in the past of playing too much of an inside game. the president's criticized himself for not taking his message outside, telling his story. secondly, i do think the president h
't know if it's the one they claim they captured. moments ago a u.s. defense official told barbara starr the u.s. navy has fully accounted for all unmanned vehicles operating in the middle east region. we have the latest developments now from cairo. a u.s. source says that if the iranians do have something, it is not an actively operating u.s. navy drone. what would that mean? could this actually be a fake? >> it could be. it's not clear right now, but iranian officials have a different story. we don't know when or how this u.s. drone was allegedly captured, but you can be sure iran is going to count this as a big intelligence victory over the u.s. you can also be sure they'll use this to portray the u.s. as the aggressor in the region. that's what iran has done for more than three decades. briefly, let's tell you about the reports from state media in iran. reports say iran captured a drone flying over the northern persian gulf waters after it allegedly flew into iranian airspace. this is a region close to iran's only nuclear power plant. a statement by iran's revolutionary guard said th
the #theedshow. still to come, the supreme court will hear cases on california's prop 8 and the defensive marriage act. jonathan turley at george washington university will weigh in on the civil rights battle. we're coming right back. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> for almost 20 years, the violence against women act has received broad bipartisan support. even the most partisan right wingers didn't want to stand in the way of providing resources to combat domestic violence. that's in the past. the law is up for reauthorization and republicans are fighting it. vice president joe biden and house majority leader eric cantor are now in talks, trying to iron out differences and get the legislation passed before the end of the year. biden is the la
the issue of same-sex marriage with the prop eight ban in your state as well as the defense of marriage act on the federal level. do you think the days of same-sex marriage being not recognized, unrecognized as a civil right, are coming to an end? >> i think the supreme court will make the decision. prior to this election, every vote has only been it's only made it through by a legislator, not the vote of the people. in california, the people voted it down. we'll see from the supreme court. >> how do you see it? >> marriage equality is part of america's future. we saw that in state after state in the last election. the supreme court will take up the issue, and i hope that they understand as most of us do that this is part of our future. marriage equality and the equal treatment of people who have made this decision is part of what america is all about. >> final point, senator durbin. susan rice. will she be the president's secretary of state nominee and could she get confirmed in the senate at this point? >> i can't say that because the president has not told me what his decision will be. t
no interest in us having a strong defense so i guess we can litigate that next year. there are other opportunities to debate spending, defense and entitlements. get the tax issues off the table. >> so the fiscal cliff. >> let the president own it. >> it ends with a witcher, not a -- whimper, not a bang. >> yes. >> there you go. thank you, panel. check out the panel plus where we pick up on our website, foxnewssunday.com and we'll post the video before noon eastern time. follow us on twitter @foxnewssunday. this program note. tune in to "fox news channel" tonight at 9:00 p.m. eastern for fly me to the moon. chord by neil cavuto, a marks the 40th anniversary of the last time man walked on the lunar surface. next, some final thoughts about my best friend. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has
entitlements tochb table because entitlements are the biggest part of our spending problem. defense has to be on the table. everything has to be on the table. you have to begin this negotiation by agreeing that they're not going to be any preconditions. everything's going to be on the table, you ought to also have an agreement that nothing will be decided until everything is decided. you ought to also have an agreement that it will be done in confidence and behind closed doors. because it makes it exthe rec d extraordinary difficult when you try to do it -- we did social security totally privately behind closed doors. >> so you think the way it's being done by the white house and the republicans is wrong? >> i don't think they'll ever get there doing it this way, they're just jousting with each other and each side is repeating its campaign talking points. you need to have a serious, confidential substantial negotiation by the top levels of both parties. >> you are a political animal, looking at this, the situation, what is your gut? who's going to win? >> i don't know. what we ought to
that will act if there is action. defense secretary leon panetta issued a warning to syria today saying the united states will not stand by and watch the country cross a quote unquote red line. >> whole world is watching very closely. and the president of the united states has made very clear that there will be consequences. there will be consequences. if the assad regime makes a terrible mistake by using these chemical weapons. >> syria denies it is mobilizing chemical weapons in a civil war in which 40,000 people have lost theirs in 21 months. instead, they say they're trying to create fear and set for an attack. hillary clinton met with russia's foreign minister twice today in dublin. these are important meetings because russia is a syrian alley. but is it too late? national security contributor, fran townsend, is a member of the cia. cedrick layton member of the joipt staff. what are those consequences? is the u.s. going to passing the point of no return here? >> well, it is, look, the most recent information suggests they're preparing to be able to launch these warheads containing
will. so does washington, d.c. the court also agreed to hear a challenge to the federal defense of marriage act. it defines marriage as "only a legal union between one man and one woman." the law had a big effect on edie windsor of new york who married tea spire in 2007. when spire died the irs sent a tax bill for $300,000 because it did not consider them to be married. >> the injustice. i couldn't believe they were making a stranger of this person i lived with and loveded for 43 something years. >> under that law, same sex couples who are legally married are denied about 1,000 federal benefits that other married couples get. after first supporting the defense of marriage act, the obama administration concluded last year that it violates the constitution. >> we cannot defend the federal government poking its nose into what states are doing and putting the thumb on the scale against same sex companies. >> reporter: house republicans are now taking up the law's legal defense. supporters say it helps preserve traditional marriage. >> unions of two men and two women are not the same
cuts and entitlements or at least reform there. hasn't heard as much from defense. you are from a state that relies on that defense budget. it will get cut substantially. where does defense end up if we do get a deal? >> everybody wants to avoid sequestration. lots of my friends in the defense industry say don't do sequestration. do simpson-bowles indicating they have not read simpson-bowles because it was almost as high as sequestration in the top number. the numbers are roughly within the budget control act over ten years about $480 billion of defense cuts. sequestration almost doubles that. i think you'll see something north of 480 billion. substantially lower than that 950. what folks in defense industry have said is in addition to giving us a number, give us the ability to plan. one of the things that hobbles our defense industry more than anything is the absurd way we have run the federal government on three and six-month continuing resolutions. give us a window to plan and any legitimate business can plan against the budget. give us that number. >> some see that debt limit contro
to those previous rates and also, defense gets cuts. forget about, we're not talking see questions station much, b -- sequestration? >> did you see what's happening in california, maybe that should be a barometer. tax increases in the state of california and raise revenue and look at the revenues have not gone up. >> a lot of republicans see california and americans, many democrats see california as a cautionary tale. what california has done and interesting and got then them ooh into a pickle. they have the battle initiatives where voters can go in themselves and vote for what they want and these all cost money. >> it all costs money. >> yeah, this is a mistake of california, right? since the late 70's, when these ballot provisions started going through, yes, you had a number of them. i was out there when was unfoldi unfolding, a number passed and californias voted to increase their own sales tax to pay for things, finally. >> yes, by the way, they also then voted to tax the highest wage earners more.and what ended up happening in some cases was that a significant number of the richest pe
if you do that, you go back to the clinton tax rates, cut some defense and we have a short, mild recession for two quarters. we have to get serious about the deficit e. i have no belief that the congress is going to get serious about the deficit. so tom cole was right because he wants to get the republicans back in the mainstream. but the best thing the country could do is go over the cliff. >> timothy geithner doesn't agree with you on that. >> he may or may not. but i looked at this a lot of ways. the people inside washington are awfully smart and awfully out of touch. we need to do something about the deficit. going over the fiscal cliff is the best thing we're going to get out of washington in terms of serious production to the deficit. we will suffer, but we got ourselves into this. we're not going to get out without some pain. i think we are going to go over the cliff. >> let me quickly say i don't favor going over the cliff, but howe regard is right. if you're worried about the deficit, the easiest way is to go over the cliff. you have increases right away. >> yeah. >> can
't realize the danger that awaits you. so he has come to his defense. the only man responsible for what happened here is the man who pushes the victim. dr. ablow, thank you for being here. that man is now under arrest. say the new york city police. a 21-month-old baby is about to get take from the only parents she has ever known. how can this happen? "kelly's court" with a heart wrenching case today. general jack keane on the implications of sending u.s. troops along with military hardware to the syrian border. we'll ask him about the growing worry over the use of deadly chemical weapons. stay with us. megyn: a high-profile prank has the british royal family fuming. two radio hosts called into the hospital where the differences of cambridge is suffering from severe morning sickness. they claimed to be the queen and the hospital staff falls for it. trace gallagher, seriously? >> reporter: the funniest thing is they knew going into it they had no shot. they said everybody is going to try to call the hospital so let's also give it a try. the female says i'll be queen elizabeth. you play pr
the president is dealing with one of many pressing issues. he's about to speak at the national defense university on efforts to secure nuclear weapons. and as the president faces security demands on the global stage, he's proving as tough a negotiator as republicans have ever seen on the fast approaching fiscal cliff. in the last hour house republicans presented a counteroffer to the president's plan including $800 billion in savings through tax reform with no tax rate hikes. john boehner blasting the president's, quote, la la land offer. that just moments after the president took his plan to the people answering questions about the fiscal cliff on twitter, and with less than a month to go, the white house dispatched treasury secretary tim geithner to five sunday talk shows to declare tax rates on the wealthy are going up one way or another. >> if the republicans say, sorry, no way are we going to raise rates on the wealthy. you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels,
defense here -- one man elected to nothing. the fact that saxby chambliss comes up, i don't have to live up to some pledge i made 20 years ago and calls up and has grover on the phone going through the transcript of what he said and he's apologizing for each segment of it. what's going on? a senator has to kiss butt to this guy? >> i have known grover for a long time, and i like him, and he's representing -- >> you're afraid of him, too. >> i'm not afraid of him. he represents a cause, and he's been amazingly successful because taxes have gone down for a long time because of grover. the question is, what do we do now because taxes are automatically going up. republicans understand if you have to cut a deal, you have to cut a deal eventually. i think it's easier to cut a deal after the taxes automatically go up. then you're fighting for tax cuts, not tax increases, but we'll see. and the fact of the matter is that grover is just a vessel for a bigger issue. taxes used to be -- >> he seems to be calling the shots. >> he's not calling the shots. >> last week to figure out -- last week on th
and he did it at the national defense university with his entire nuclear security team in front of him. this was as much a message to the bureaucracy as it was to the american people in the world. this is important to me. i intend to see this through. >> his personal commitment on this issue is something that's made it an issue to watch since he first became president. frankly, since he first became senator. how do you judge his first term in terms of keeping his promises or aimed toward the things he wanted to get accomplished in this field? >> he's kept almost all his promises in this field. there's a fact checking site that ran the numbers down today and judged that in most cases, he kept his promises. he did a treaty with russia. he did increase and speed up the work to secure these nuclear materials. he made it harder for other countries to try to get these. he faced resistance particularly in russia and in political opponents in the u.s. senate. so he's only achieved about half of what he intended to do. and that's what made this speech so important today. he's saying the job is
be in for a bit of a bumpy ride. as such, there's an opportunity to be defensive. look for some of those lower beta strategies. look for the defense sectors. >> in the meantime, it is pretty clear the markets are anticipating we're not going to go over this cliff, isn't it? >> yeah, they sure are. i'm surprised to see the level of optimism that congress is going to come to some resolution here. i think it's scary there's no plan "b." i kind of have three ideas of my own. the first one is let's get real, folks. if everybody on wall street thinks something is going to happen, there's a good possibility the opposite is going to happen. to me, i think it's a good time to maybe take a little money off the table, go to a little cash. the second thing is, when this market -- if we go into january without a deal, we could see a market drop on a level of what happened in 2008 when we failed to come to a t.a.r.p. agreement. 30% the market lost. >> that was a 700-point selloff. >> just like that. >> so joe, what do you think about that? i know you're saying, look, don't freak out, stay calm, assess the s
and principlely those cuts in defense will be very, very onerous according to the pentagon and everybody else. do you think that this is a feint or what they need to do just because it takes a while to get these things in order? >> well, you know, i'll leave it to them to decide whether it's a feint but it's dangerous. the defense cuts are devastating, they shouldn't happen, and by the way, they'll be a domestic cuts of comparable quality. actually that's really the republican leverage in the debate, not the tax issue but the spending cuts if we dealt with the tax cuts for 98%, spending cuts would still be there, still have the leverage we need. but look, probably the white house is being prudent. but this is serious. there's a strong disagreement but in the end the two sides have been able to negotiate in the past, speaker boehner's very good negotiator, negotiating the extension of the bush tax cuts two years ago, budget deal in 2011, debt ceiling deal in august of 2011, all those things have led to prosperity or -- faster growth and less spending. i think we should continue to work with him. l
it? >> well, i think one of the reasons that they're on defense is the fact that the president is willing to take this fight outside the beltway. inside the beltway, there's a whole fuzzy logic that starts to apply, where you lose track of what it means to be in the middle class and how serious the economic situation is. and i think as the president continues to make that case about basic economic fairness, one thatç nearly two-thirds of voters in this election felt that some form of raising revenues on the highest rates made sense in order to get our fiscal house in order and make investments, and the republicans are trying to dig in on the wrong side of that. so it is a tough debate. but ultimately, this shouldn't really be about who's in leadership and boehner versus kantor. this really should be about families out across the country. and you and i know, those families are still struggling and would like to see a little bit of common sense. >> well, they've made a lot of improvement. no question about that. our economy is a lot better. we can still go a long way. i just do
.s. and allies closer to the serious vicivil w. former deputy assistant defense secretary. rula let me begin with you. is this going to blow up into a civil war and blow up? >> no, i think it is against him grabbing power. it is a sign that he needs to back off and drop the decrees and make a constitution that is not acceptable by the egyptians. he is not governing in the name of the muslim brotherhood. he needs to listen to them. >> his recent actions suggest that the answer is no. and that is he going his own way. >> i hope she is right. everyone that you can think of is that the people who prevailed is that the people who are the most organized are the most ruthless. i want to ask you about the role of al qaeda in iraq and in jordon. could this spread to iraq? >> i think they have nothing to do with each other. it is wrong. they are two different cultures. they are a million years away from each other. let protesters are civil enough not to become violent. you saw the soldiers and the police men. they let them say what they wanted. and the us aid. and here the government has a major role
's book shows how important the defense command is in keeping christmas safe. >> it was the night before chris nas in norad air base. each one was in place waiting for the first sight of good old st. nick on his christmas eve night. santa claus has gone missing? >> brian: michael keen is the author of the night santa clause got loss and norad saves chris mampts >> good to be here. >> brian: bring us back in the place when santa was in trouble and norad came to the aid. >> santa claus gets lost on christmas eve and military rescue santa claus so much time is elapse santa doesn't have time to deliver the toyce . the general used tanks and planes and ships around the world to deliver all of santa's toys and got to get santa's approval to help out. >> brian: you broke the story first time in the book. >> that's right. >> brian: and you are unclassifying the story. >> i got defense department approval. >> brian: ambassador rice denied it happened. we'll look into it. the book is out and fascinating to see that norad was a way for kids to track santa almost by accident. >> exactly 1955. colone
? >> brian: cutting defense. >> we're probably going to cut defense. we're definitely raising taxes, payroll tax holiday is gone. we're raising taxes on everybody. do you want to do that at a time when the economy is fundamentally weak? raise taxes in a weak economy? not a good idea. this report in one hour is going to tell us an awful lot about the underlying state of our economy. >> brian: because of my unique position and what i made witness of hurricane sandy, i know you can not find an electrician. you can not find a plumber. you have to wait in line for a contractor. so anyone that says sandy wiped out jobs, you might have a point. they also gave a lot of jobs and a lot of the fema checks are up to $30,000. and they're building things and hiring people with that money. >> that is true. and next month when we get next -- december's unemployment report, you're going to see a blip up in number of jobs created because of what you're talking about. but in november, jobs were lost because of the hurricane, but not as many as to make up for a fundamentally underlying weak economy. >> brian: d
will hear cases that challenge the federal defense of marriage act or california's proposition 8, which defines marriage as strictly between a man and a woman. >>> an evacuation order remains in effect this morning in louisiana as authorities rush to secure more than 6 million pounds of improperly stored gunpowder. the m6 powder was found on property leased by explo systems. an operation is underway to move that powder to underground storage facilities on the site. so far 1 million pounds has been safely stored, enough to fill 27 18-wheelers. >> a member of the coast guard is dead. he was one of two coast guard members thrown off a boat on impact, and suffered a head injury. the coast guard says the suspicious vessel was intercepted, and two poeople wee detained. >>> nine bodies have been found in a collapsed tunnel in japan. they're not saying whether there might be more victims under the rubble. >>> if army private bradley manning, charged in the largest leak of classified material in history faces trial it will be in march. it was pushed back a month because of pre-trial motions. man
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